💨 Abstract

Global stocks fell for a third straight day on Thursday, while the dollar strengthened, as U.S. labor market data and comments from Federal Reserve Chair Jerome Powell indicated a slower pace of interest rate cuts from the central bank. The Labor Department reported lower unemployment claims, and the Producer Price Index for final demand rose, suggesting inflation remains above the Fed's 2% target.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖